DEE Development Engineers Limited, a leading provider of process piping solutions for the oil & gas, power, and industrial sectors, has listed 74,296 equity shares under its Employee Stock Option Plan (ESOP) 2023 at the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The moves come after the organisation delivered a strong Q1 FY26 performance, with revenue from operations rising 21.1% year-on-year to ₹22,785 lakh.
DEE Development Engineers has allotted equity shares with a face value of ₹10 each to eligible employees upon the exercise of options under its ESOP Scheme 2023. The shares hold the same rights, benefits, and voting powers as those allotted during the initial public offering (IPO).
The Nomination and Remuneration Committee of the Board approved the allotment in its meeting held on June 12, 2025, authorizing issuance at an exercise price of ₹10 per share, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
DEE Development Engineers’ Chairman and Managing Director, Krishan Lalit Bansal, underscored the strategic value of the ESOP scheme, stating, “Our people are the foundation of our growth story. With this ESOP grant, we aim to recognize and reward their dedication while also aligning them with the long-term value creation of the company.”
